The bridging lender has announced the rate reduction following a successful 2017 which saw it grow by almost 50%.
Hope said its now in a position to expand its lending further by offering its best-ever rates.
The lender added that it could also extend the 75% LTV to the right borrower under the right circumstances.
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“We started the new year with a bang with some of the lowest rates we have ever offered,” said Jonathan Sealey, CEO of Hope Capital (pictured above).
“This puts us firmly in the middle of the market.
“However, the key message we want to get across is that we are lowering our rates without lowering our standards.”
Jonathan said that Hope looked at every case on its own merits before trying to find a solution to even the most complex cases.
“These can involve multiple sources of finance or more unusual properties that other lenders don’t lend on.
“For us the exit route is everything.
“If we believe that the building is going to be worth more or there is a clear refinance path, then we will look to say yes.
“As always, we will be as flexible as possible and stick to our attitude of ‘how can we do this’.
“Lower rates mean we now compete on multiple fronts, not just speed and flexibility.”